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The Obama administration is hoping to win new commitments to fight global warming from China and India in back-to-back summits next month, the Guardian has learned, including the first Indian emissions trading scheme.

The US hopes the new commitments will breathe life into the moribund negotiations to seal a global treaty on climate change in Copenhagen in December, by setting out what action each country will take. But many observers say such bilateral deals also risk seriously weakening any Copenhagen agreement by allowing the idea of a global limit on greenhouse gas emissions to be abandoned.

So, as part of Blog Action Day 2009, which is focusing on climate change, I bring you news that the US administration is back, taking some kind of a leadership role in climate change by talking to India and China. The notion that somehow what the US, Europe and Canada do in response to climate change is pointless because China and India are not going to participate is misleadingly inaccurate, sometimes deliberately so. I had written in June about India’s very ambitious solar policy, and China has similar, fairly comprehensive programs on climate change.

The concern that bilateral talks will somehow sabotage the multilateral Copenhagen negotiations is, I think, overstated. More talk is always better, and good things happen when the world’s most high profile polluter signals its willingness to talk, and even initiate talks with countries whose development paths are at a critical stage.

I have not been super hopeful about how things are going to turn out in the next few years. But things have changed quite a bit in the past year. The US appear to have their own climate bill brewing. Europe makes the right noises and has a head start,making the mistakes early. Unfortunately, Canada has given up the ghost thanks to our troglodyte oil man administration. Our main hope now is that the US passes a strong enough bill to affect Canada. Or there is an election leading to a change in administration and Mr Michael Ignatieff and the “liberals” are true to their word on a new, sustainable energy policy.

Apparently, the Canadian people could care less, polls indicate that the business as usual administration is increasing its support among Canadians. What is the average Canadian’s responsibility if he/she knowingly supports policy that could lead to mass homelessness, flooding, starvation, wars, species extinction, etc?

China, India and the other developing nations are upset that commitments to provide financial and technological help made during a U.N. conference in Bali, Indonesia, in 2007 have not translated into anything more tangible.

Mr. Meyer estimated that the United States, Europe and other industrial nations need to come up with $150 billion a year in assistance by 2020 to help develop clean energy technology for developing countries, reduce deforestation that contributes to rising temperatures, and help vulnerable nations adapt to changes attributed to greenhouse gases.

Yes, it is true, North America and Europe are responsible for a bulk of the greenhouse gas emissions currently in the atmosphere and need to do the bulk of the work. But it would also behoove India and China to make the right noises. There is no sense that we’re in this together, that we will all be affected, and India and China even more so

Leadership is lacking, the US needs to take a first big step and start things of.

Update

The G8 has agreed to sign on to a limit on warming of 2°C rise in global temperature. Well, how do you get there without reducing CO2 in the atmosphere, which we apparently can’t agree to do? It’s like saying you need to go a 100km more on a road trip, but refusing to agree to fill gas.

There is a chicken and egg problem here. The famously resistant to change US system is working through a climate bill. The world is waiting to see what will happen, but the version of the bill passed by Congress is not strong enough to avert a 2°C rise unless China and India are as aggressive and there is massive technological shift away from fossil fuels. The US system is waiting for signals from the world, reasoning they don’t want to act first and unilaterally. It’s all nice game theory for people watching from the sidelines, but life’s a little more serious…

The US government is to regulate carbon dioxide emissions, having decided that it and five other greenhouse gases may endanger human health and well-being. The Environmental Protection Agency EPA announced the move following a review of the scientific evidence.

Not unexpected, was the long culmination of a series of events resulting from a 2007 Supreme Court verdict.

Obama is playing the cards right here, using the EPA to ratchet pressure on congress to come up with a carbon pricing scheme, using the EPA as a cautionary tale. If there is anything anti-environmentalists hate more than carbon regulation, it is carbon regulation written by the EPA! Expect a whole lot of lobbying for a cap and trade bill to pass through congress. Aldo expect a lot of back room dealing about offsets, auctions, allowances, words you will be hearing and reading about a lot more.

Meanwhile, in our great white North, the official silence is deafening. A recent report released by the National Roundtable on the Environment and the Economy speaks very seriously about the urgent need to get a federal Cap and Trade system in place before the US does it for us. Expect nothing to happen unless there is regime change. Even then, as the NY Times points out, provincial resistance to cede control will doom any deal. Ask an Albertan about the National Energy Program!

In our provincial BC election, carbon pricing is front and centre and has captured quite a bit of attention even south of the border. A post on that will follow sometime this weekend, unless I get distracted, which happens more often than not!

And so, it goes, the US shows the western world how to elect a minority candidate. Amazing, and truly transformational. There will be plenty of time for politics and what will happen next, but tonight, amazing. The US, after a few years, finally has a better president than Canada!

Facing a close re-election race in North Carolina, Sen. Elizabeth Dole (R) recently released an ad attacking her opponent Kay Hagan, falsely accusing her of being “Godless.” The end of the ad shows a photo of Hagan while a woman yells, “There is no God!” Watch it:

The point of the bailout is to buy assets that are illiquid but not worthless. But regular banks hold assets like that all the time. They're called "loans."

With banks, runs occur only when depositors panic, because they fear the loan book is bad. Deposit insurance takes care of that. So why not eliminate the pointless $100,000 cap on federal deposit insurance and go take inventory? If a bank is solvent, money market funds would flow in, eliminating the need to insure those separately. If it isn't, the FDIC has the bridge bank facility to take care of that.

Makes a lot more sense to me than “Give me 700b today or I’ll blow up your economy” line fed by the same administration that gave you “give us the unfettered right to wage war or you’ll be eaten alive by mushroom clouds”.

Pakistani troops have fired at two US helicopters forcing them back into Afghanistan, local Pakistani intelligence officials say.The helicopters flew into the tribal North Waziristan region from Afghanistan’s Khost province at around midnight, the reports say.

President Bush secretly approved orders in July that for the first time allow American Special Operations forces to carry out ground assaults inside Pakistan without the prior approval of the Pakistani government, according to senior American officials.

Civil rights? Women’s rights? Liberals went to the mat for them time and again against ugly, vicious and sometimes murderous opposition. They should be forever proud.The liberals who didn’t have a clue gave us Social Security and unemployment insurance, both of which were contained in the original Social Security Act. Most conservatives despised the very idea of this assistance to struggling Americans. Republicans hated Social Security, but most were afraid to give full throat to their opposition in public at the height of the Depression.